Congewai is a quiet locality in New South Wales within the Cessnock local government area (postcode 2325). With a population of 206, the suburb has an older demographic with a median age of 56. Households earn a median income of $88K per year, with an average household size of 2.3 people. The most common occupations are managers, technicians & trades, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Congewai is $1.5 million, having dropped significantly 23.9% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $1,733.
Congewai is served by 1 school, including 1 primary. The average ICSEA score is 888, which is well below the national average of 1,000. Public transport access includes 1 bus stop. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Congewai offers a gross rental yield of 1.9%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 16.9x is considered stretched. House prices have moved -23.9% year-on-year.
Congewai is a quiet locality in New South Wales within the Cessnock local government area (postcode 2325). With a population of 206, the suburb has an older demographic with a median age of 56. Households earn a median income of $88K per year, with an average household size of 2.3 people. The most common occupations are managers, technicians & trades, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Congewai is $1.5 million, having dropped significantly 23.9% over the past year. The current median weekly rent is $550. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $1,733.
Congewai is served by 1 school, including 1 primary. The average ICSEA score is 888, which is well below the national average of 1,000. Public transport access includes 1 bus stop. The crime rate in the Cessnock LGA is moderate at 4,766 incidents per 100,000 population.
From an investment perspective, Congewai offers a gross rental yield of 1.9%, rated as low yield. Property prices are near the state median ($1.5M/$1.5M). The price-to-income ratio of 16.9x is considered stretched. House prices have moved -23.9% year-on-year.